Aurionpro wins multi-million dollar banking tech contract in South Asia, shares rise (24-10-2024)
The Mumbai-based fintech company aims to enhance the bank’s corporate banking services with features such as digital payments, virtual accounts, and liquidity management
Tube Investments shares drop 0.78% as Sensex falls (24-10-2024)
A total of 21,906 shares changed hands on the counter till 01:17PM (IST)
KPIT – CASE (connected, autonomous, shared, electric) – Focused Automotive Play (24-10-2024)
The company reiterated its guidance range but stated that revenue will likely fall on the lower end of the guidance of 18% to 22% year-over-year constant currency revenue growth. This is attributed to clients being cautious and delaying project implementation. However, profitability is likely to be on the higher end of guidance (20.5% plus) due to offshoring and other factors that reduce costs for clients.
The company has won many deals, but the implementation has been delayed, especially by European original equipment manufacturers (OEMs).
OEMs are being cautious due to global economic uncertainty and are unsure when deals will be realized.
To ensure projects are delivered at a lower cost to clients, the mix of projects has shifted, specifically with an increase in offshoring.
The company expects that demand will pick up in the medium term and that there are significant growth opportunities.
The company believes it can at least double its revenue with its current clients.
KPIT – CASE (connected, autonomous, shared, electric) – Focused Automotive Play (24-10-2024)
You are right. FY 26 revenue guidance was not provided by the management but it was my conjecture based on the commentary so far
Kitex Garments Limited (24-10-2024)
Report by Kitex Garments Limited for violations related to Code of Conduct under SEBI
(Prohibition of Insider Trading) Regulations, 2015
What should investors do with RIL stock? Rahul Sharma answers (24-10-2024)
Nifty definitely has been difficult in this month given the kind of correction that we have seen. So, we all know the reasons why it is happening, but the question on everybody’s mind is where exactly do we see the capitulation happening?
LTTS collaborates with NVIDIA to unveil AI-driven Experience Zone at its design hub in Bengaluru (24-10-2024)
L&T Technology Services announced the grand opening of its state-of-the-art LTTS Experience Zone at its design hub in Bengaluru benefitting customers in segments like Mobility and Tech. This AI-driven LTTS Experience Zone, leveraging the NVIDIA AI platform, is set to serve clients in the Mobility and Tech segments. The LTTS Experience Zone offers an immersive environment where visitors can engage with live demonstrations, interactive displays and expert consultations. It showcases the transformative power of NVIDIA AI, pushing the boundaries of AI-driven technologies to address complex challenges in critical sectors.
KPIT – CASE (connected, autonomous, shared, electric) – Focused Automotive Play (24-10-2024)
You nicely put all this points, however FY 26 is not discussed in TV interview and concall. Management said they will provide FY 26 guidance at the end of Fy 25 however due to pipeline order thay are confident on FY 26. The matter of lower end of guidance is due to european client and it’s matter of 1-2 quaters. Mt. Tikekar also said the decision can’t be postpone longer by car maker.
As per me market is over reacting. I have added today and it’s highest holding of my PF. Disc: views are baised.